Nov 01, 2017 08:42 AM IST | Source: CNBC-TV18
Bond yields are attractive, 10-year bond yield to trade between 6.80-6.90%: Dhawal Dalal
We expect the 10-year benchmark bond yield to trade between 6.80-6.90 percent in the near term, says Dhawal Dalal of Edelweiss.
Dhawal Dalal of Edelweiss said, "Bond market participants got spooked by the reports of possible SLR status to bank recap bonds. As a result, government bond yields hardened at the long end with the benchmark 10-year yield coming in the vicinity of 6.90 percent, a technically significant level. That said, we believe that bond yields are attractive."
"With Oct CPI inflation expected below 4 percent, we expect value buying to emerge in the near term. We expect the 10-year benchmark bond yield to trade between 6.80-6.90 percent in the near term," he added.
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